TAL Education Group's earnings call highlighted strong revenue growth and the successful expansion of their learning devices portfolio. However, increased selling and marketing expenses and the investment phase of the learning devices business posed challenges. Overall, the company demonstrated a positive trajectory with solid financial performance and strategic growth initiatives.

Company Guidance

During the fiscal 2026 first quarter earnings call, TAL Education Group reported a net revenue of USD 575 million, reflecting a year-over-year growth of 38.8% in USD terms and 39.4% in RMB terms. The company achieved a gross profit of USD 315.4 million, marking a 47.3% increase from the previous year, with a gross margin rising to 54.9%. Non-GAAP operating income reached USD 25.1 million, while net income attributable to TAL was USD 42 million. The Peiyou Small Class Enrichment programs reported a retention rate of around 80%, and the average weekly active rate across TAL's learning device user base was approximately 80%, with an average daily usage time of one hour. Additionally, TAL launched three new learning devices—P4, S4, and T4—in May, aiming to cater to diverse user needs and expand their market reach. The company also extended its share repurchase program, with a new authorization to spend up to USD 600 million over the next 12 months.

Significant Revenue Growth

TAL Education recorded net revenues of USD 575 million, reflecting a year-over-year growth of 38.8% in USD terms and 39.4% in RMB terms.

Strong Performance in Learning Services

The Peiyou Small Class Enrichment programs and online enrichment learning showed steady growth, with positive feedback from both learners and parents. Enrollment and retention rates are strong, with Peiyou Small Class retention around 80%.

Expansion of Learning Devices Portfolio

Launched three new AI-powered learning devices in May, namely the P4, S4, and T4, targeting diverse user needs and price tiers.

Improvement in Gross Margin

Gross profit increased by 47.3% to USD 315.4 million, with gross margins rising from 51.7% to 54.9% year-over-year.

Positive Operating Income

Achieved positive operating income of USD 14.3 million, compared to a loss from operations of USD 17.3 million in the same period last year.

Strong Cash Flow

Net cash provided by operating activities for the first quarter was USD 347.8 million.

TAL Education Group (TAL) Earnings, Revenues Date & History

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TAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2026 (Q2)	0.17 / -	0.12	―	―	―
Jul 31, 2025	2026 (Q1)	0.07 / 0.07	0.02	250.00% (+0.05)	―
Apr 24, 2025	2025 (Q4)	0.07 / -0.01	0.04	-125.00% (-0.05)	―
Jan 23, 2025	2025 (Q3)	0.02 / 0.04	-0.04	200.00% (+0.08)	―
Oct 24, 2024	2025 (Q2)	0.07 / 0.12	0.06	100.00% (+0.06)	―
Aug 01, 2024	2025 (Q1)	-0.03 / 0.02	-0.07	128.57% (+0.09)	―
Apr 25, 2024	2024 (Q4)	-0.02 / 0.04	-0.06	166.67% (+0.10)	―
Jan 25, 2024	2024 (Q3)	-0.01 / -0.04	-0.08	50.00% (+0.04)	―
Oct 26, 2023	2024 (Q2)	0.03 / 0.06	0	―	―
Jul 27, 2023	2024 (Q1)	-0.07 / -0.07	-0.07	0.00% (0.00)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$10.09	$10.94	+8.42%
Apr 24, 2025	$10.98	$8.93	-18.67%
Jan 23, 2025	$9.13	$11.07	+21.25%
Oct 24, 2024	$10.21	$10.50	+2.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.